Analysis of Trends in International Stock ETF Investments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Source: Fool
- U.S. Stock Underperformance: Over the past year, the S&P 500 has underperformed compared to international markets like Japan's Nikkei 225 and Canada's S&P/TSX, indicating a potential shift in investor confidence away from U.S. equities, which could lead to capital outflows.
- International ETF Returns: The iShares Core MSCI Total International Stock ETF has delivered an annualized return of 17.7% over the past three years, holding 4,160 stocks with a low expense ratio of 0.07%, providing investors with a cost-effective way to gain exposure to international markets.
- High Dividend ETF Performance: The Vanguard International High Dividend Yield ETF has outperformed the other two funds with a 21% annualized return over three years and a trailing dividend yield of 3.47%, showcasing its competitiveness in high-yield investments.
- Strategy for Choosing International ETFs: While the S&P 500 has outperformed these international ETFs over the past five years, the Vanguard International High Dividend Yield ETF has excelled in the past year, suggesting that investors should select international ETFs based on their specific goals and investment styles.
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Analyst Views on TSM
Wall Street analysts forecast TSM stock price to fall
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 424.860
Low
63.24
Averages
313.46
High
390.00
Current: 424.860
Low
63.24
Averages
313.46
High
390.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TSMC to Raise Advanced 3nm Prices by 15% in 2026
- Price Increase Announcement: TSMC plans to raise prices for its advanced 3-nanometer manufacturing node by 15% in the second half of 2026, with a potential additional 10% increase in 2027, which will directly impact its profitability and enhance market competitiveness.
- Positive Stock Reaction: Following the announcement, TSMC shares rose 5% in premarket trading on Wednesday, reflecting investor optimism about the company's future growth potential, especially amid surging demand for artificial intelligence technologies.
- Market Capitalization Growth: TSMC's success has propelled Taiwan's market capitalization to $4.95 trillion, surpassing India's $4.92 trillion, highlighting Taiwan's significant position in the global stock market and further solidifying TSMC's status as an industry leader.
- Dividend Distribution Decision: TSMC's board approved a quarterly dividend of NT$6.00003573 per common share, set to be paid on July 9, which not only enhances shareholder returns but also reflects the company's robust financial health.
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- Significant Investment Returns: Glen Kacher, founder of Light Street Capital, has demonstrated outstanding performance over the past three years, with his fund generating returns of 45.7%, 59.4%, and 37.3% in 2023, 2024, and 2025 respectively, showcasing the success of his investment strategy in the semiconductor sector.
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- AMD's Growth Opportunities: AMD is poised to capitalize on the growth of agentic AI and inference markets through its chip design, with two contracts worth approximately $100 billion each, further solidifying its leadership in the data center CPU market and showcasing robust growth prospects.
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Light Street Capital's Semiconductor Investment Strategy
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- Core Position in TSMC: Kacher's allocation of 14.4% of his portfolio to Taiwan Semiconductor Manufacturing, his largest holding, reflects confidence in the company's monopoly in advanced chip manufacturing, which is expected to benefit from the ongoing demand for AI and other chips.
- Market Leadership of Nvidia: Nvidia represents 8.9% of Light Street's holdings, and its dominant position in the large language model training market, coupled with a strong data center networking portfolio, positions it for significant growth in AI infrastructure, particularly in inference and agentic AI markets.
- Growth Potential of Broadcom: Broadcom, accounting for 8.7% of Light Street's portfolio, is expected to exceed $100 billion in custom AI chip revenues by fiscal 2027, highlighting its robust growth potential in the data center market, especially through its collaboration with Alphabet.
See More
Light Street Capital's Portfolio Analysis
- Remarkable Returns: Glen Kacher of Light Street Capital has demonstrated exceptional performance over the past three years, with returns of 45.7% in 2023, 59.4% in 2024, and 37.3% in 2025, showcasing his strong capabilities in tech investing and attracting significant market attention.
- Dominance of TSMC: Kacher allocates 14.4% of his portfolio to Taiwan Semiconductor Manufacturing, which benefits from a monopoly in advanced chip manufacturing, positioning itself to capitalize on the growing demand for AI accelerators and CPUs, making it a key player for future growth.
- Nvidia's Market Edge: Nvidia, representing 8.9% of Kacher's holdings, maintains a dominant position in the large language model training market and boasts a robust data center networking portfolio, indicating substantial growth potential in AI infrastructure.
- Broadcom's Growth Potential: Broadcom, at 8.7% of Kacher's portfolio and the only addition in the last quarter, is expected to exceed $100 billion in custom AI chip revenue by fiscal 2027, reflecting strong market demand and growth opportunities.
See More
Nvidia's Rise in the Edge AI Market
- Edge AI Market Growth: Nvidia's physical AI revenue has exceeded $9 billion over the past twelve months, a 50% increase from $6 billion in fiscal 2026, indicating strong growth potential in edge AI applications that is expected to drive future revenue growth.
- Strategic Partnerships: Nvidia's collaboration with Uber will power a robotaxi fleet across nearly 30 cities and 4 continents by 2028, which not only strengthens its market position in physical AI but also lays the groundwork for future revenue growth.
- Expansive Market Outlook: Market research firm Counterpoint estimates that shipments of physical AI devices could reach 145 million units cumulatively between 2025 and 2035, primarily driven by robots, autonomous vehicles, and drones, providing Nvidia with significant market opportunities.
- New Product Line Expansion: Nvidia plans to sell its Vera server CPUs as standalone products, which is expected to generate an additional $20 billion in revenue this year, further expanding its $200 billion addressable market and enhancing the company's long-term growth prospects.
See More
Nvidia's Physical AI Revenue Surges Significantly
- Significant Revenue Growth: Nvidia's physical AI revenue surpassed $9 billion over the past twelve months, marking a 50% increase from $6 billion in fiscal 2026, indicating the company's strong performance in the rapidly growing physical AI market.
- Massive Market Potential: Market research firm Counterpoint Research estimates that shipments of physical AI devices could reach 145 million units between 2025 and 2035, driven primarily by robots, autonomous vehicles, and drones, with Nvidia actively capitalizing on this opportunity.
- Deepening Strategic Partnerships: Nvidia's collaboration with Uber will enable its robotaxi fleet to cover nearly 30 cities across four continents by 2028, while its partnership with General Motors will enhance its positioning in factory automation, further solidifying its market presence.
- New Market Expansion: Nvidia plans to sell its Vera server CPUs as standalone products, which is expected to generate an additional $20 billion in revenue this year, opening up a potential $200 billion addressable market, showcasing its strategic positioning in emerging markets.
See More
TSMC to Raise Advanced 3nm Prices by 15% in 2026
- Price Increase Announcement: TSMC plans to raise prices for its advanced 3-nanometer manufacturing node by 15% in the second half of 2026, with a potential additional 10% increase in 2027, which will directly impact its profitability and enhance market competitiveness.
- Positive Stock Reaction: Following the announcement, TSMC shares rose 5% in premarket trading on Wednesday, reflecting investor optimism about the company's future growth potential, especially amid surging demand for artificial intelligence technologies.
- Market Capitalization Growth: TSMC's success has propelled Taiwan's market capitalization to $4.95 trillion, surpassing India's $4.92 trillion, highlighting Taiwan's significant position in the global stock market and further solidifying TSMC's status as an industry leader.
- Dividend Distribution Decision: TSMC's board approved a quarterly dividend of NT$6.00003573 per common share, set to be paid on July 9, which not only enhances shareholder returns but also reflects the company's robust financial health.
See More
TSMC's Dominance in the Semiconductor Market
- Market Leadership: TSMC has achieved a near-monopoly in the semiconductor industry through its advanced chip manufacturing technology and scale, relying on all logic chip designers, ensuring the company continues to benefit amid growing demand for AI accelerators and CPUs.
- Significant Investment Returns: Glen Kacher, founder of Light Street Capital, has demonstrated outstanding performance over the past three years, with his fund generating returns of 45.7%, 59.4%, and 37.3% in 2023, 2024, and 2025 respectively, showcasing the success of his investment strategy in the semiconductor sector.
- Custom Chip Market Potential: Broadcom shows immense growth potential in its custom AI chip business, with projected revenues exceeding $100 billion by fiscal 2027, while analysts forecast AI revenues to reach $180 billion by fiscal 2028, reflecting strong demand in the data center market.
- AMD's Growth Opportunities: AMD is poised to capitalize on the growth of agentic AI and inference markets through its chip design, with two contracts worth approximately $100 billion each, further solidifying its leadership in the data center CPU market and showcasing robust growth prospects.
See More
Light Street Capital's Semiconductor Investment Strategy
- Remarkable Returns: Glen Kacher of Light Street Capital has demonstrated exceptional performance over the past three years, achieving returns of 45.7%, 59.4%, and 37.3% in 2023, 2024, and 2025 respectively, showcasing his strong capabilities in tech investing and attracting significant market attention.
- Core Position in TSMC: Kacher's allocation of 14.4% of his portfolio to Taiwan Semiconductor Manufacturing, his largest holding, reflects confidence in the company's monopoly in advanced chip manufacturing, which is expected to benefit from the ongoing demand for AI and other chips.
- Market Leadership of Nvidia: Nvidia represents 8.9% of Light Street's holdings, and its dominant position in the large language model training market, coupled with a strong data center networking portfolio, positions it for significant growth in AI infrastructure, particularly in inference and agentic AI markets.
- Growth Potential of Broadcom: Broadcom, accounting for 8.7% of Light Street's portfolio, is expected to exceed $100 billion in custom AI chip revenues by fiscal 2027, highlighting its robust growth potential in the data center market, especially through its collaboration with Alphabet.
See More
Light Street Capital's Portfolio Analysis
- Remarkable Returns: Glen Kacher of Light Street Capital has demonstrated exceptional performance over the past three years, with returns of 45.7% in 2023, 59.4% in 2024, and 37.3% in 2025, showcasing his strong capabilities in tech investing and attracting significant market attention.
- Dominance of TSMC: Kacher allocates 14.4% of his portfolio to Taiwan Semiconductor Manufacturing, which benefits from a monopoly in advanced chip manufacturing, positioning itself to capitalize on the growing demand for AI accelerators and CPUs, making it a key player for future growth.
- Nvidia's Market Edge: Nvidia, representing 8.9% of Kacher's holdings, maintains a dominant position in the large language model training market and boasts a robust data center networking portfolio, indicating substantial growth potential in AI infrastructure.
- Broadcom's Growth Potential: Broadcom, at 8.7% of Kacher's portfolio and the only addition in the last quarter, is expected to exceed $100 billion in custom AI chip revenue by fiscal 2027, reflecting strong market demand and growth opportunities.
See More
Nvidia's Rise in the Edge AI Market
- Edge AI Market Growth: Nvidia's physical AI revenue has exceeded $9 billion over the past twelve months, a 50% increase from $6 billion in fiscal 2026, indicating strong growth potential in edge AI applications that is expected to drive future revenue growth.
- Strategic Partnerships: Nvidia's collaboration with Uber will power a robotaxi fleet across nearly 30 cities and 4 continents by 2028, which not only strengthens its market position in physical AI but also lays the groundwork for future revenue growth.
- Expansive Market Outlook: Market research firm Counterpoint estimates that shipments of physical AI devices could reach 145 million units cumulatively between 2025 and 2035, primarily driven by robots, autonomous vehicles, and drones, providing Nvidia with significant market opportunities.
- New Product Line Expansion: Nvidia plans to sell its Vera server CPUs as standalone products, which is expected to generate an additional $20 billion in revenue this year, further expanding its $200 billion addressable market and enhancing the company's long-term growth prospects.
See More
Nvidia's Physical AI Revenue Surges Significantly
- Significant Revenue Growth: Nvidia's physical AI revenue surpassed $9 billion over the past twelve months, marking a 50% increase from $6 billion in fiscal 2026, indicating the company's strong performance in the rapidly growing physical AI market.
- Massive Market Potential: Market research firm Counterpoint Research estimates that shipments of physical AI devices could reach 145 million units between 2025 and 2035, driven primarily by robots, autonomous vehicles, and drones, with Nvidia actively capitalizing on this opportunity.
- Deepening Strategic Partnerships: Nvidia's collaboration with Uber will enable its robotaxi fleet to cover nearly 30 cities across four continents by 2028, while its partnership with General Motors will enhance its positioning in factory automation, further solidifying its market presence.
- New Market Expansion: Nvidia plans to sell its Vera server CPUs as standalone products, which is expected to generate an additional $20 billion in revenue this year, opening up a potential $200 billion addressable market, showcasing its strategic positioning in emerging markets.
See More
